# Hawaii HB 432: RELATING TO THE RENTAL HOUSING REVOLVING FUND.

Hawaii HB 432, RELATING TO THE RENTAL HOUSING REVOLVING FUND., is a 2025–2026 Regular Session (Year 1) House bill sponsored by Nadine K. Nakamura (Democratic); status passed senate, last action 2025-04-25 (Conference committee meeting to reconvene on 04-25-25 3:30 PM; Conference Room 016.) (as of 2026-10-27).

- Canonical: https://policyrisk.com/state-bill/HI-HB432-2025
- As of: 2026-10-27
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii HB 432
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 1)
- Title: RELATING TO THE RENTAL HOUSING REVOLVING FUND.
- Status: passed senate
- Chamber: House
- Introduced: 2025-01-17
- Last action: 2025-04-25, Conference committee meeting to reconvene on 04-25-25 3:30 PM; Conference Room 016.
- Sponsor: Nadine K. Nakamura (Democratic)
- Cosponsors: 42
- Subjects: HHFDC, Rental Housing Revolving Fund, Mixed-Income Subaccount, Workforce Rental Housing, For-Sale Housing, Rules, Prioritization, Appropriations, HOU, WAM
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Establishes the Mixed-Income Subaccount within the Rental Housing Revolving Fund to prioritize development of workforce rental and for-sale housing projects for qualified residents. Requires the Hawaii Housing Finance and Development Corporation to adopt administrative rules. Appropriates moneys. Effective 7/1/2050. (SD2)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Nadine K. Nakamura (Democratic), House
- Cosponsor: Terez Amato (Democratic), House
- Cosponsor: Della Au Belatti (Democratic), House
- Cosponsor: Cory M. Chun (Democratic), House
- Cosponsor: Elle Cochran (Republican), House
- Cosponsor: Luke A. Evslin (Democratic), House
- Cosponsor: Andrew Takuya Garrett (Democratic), House
- Cosponsor: Tina Nakada Grandinetti (Democratic), House
- Cosponsor: Mark J. Hashem (Democratic), House
- Cosponsor: Daniel Holt (Democratic), House
- Cosponsor: Ikaika Hussey (Democratic), House
- Cosponsor: Linda Ichiyama (Democratic), House
- Cosponsor: Greggor Ilagan (Democratic), House
- Cosponsor: Kim Coco Iwamoto (Democratic), House
- Cosponsor: Kirstin Kahaloa (Democratic), House
- Cosponsor: Jeanne Kapela (Democratic), House
- Cosponsor: KEOHOKAPU-LEE LOY
- Cosponsor: Darius K. Kila (Democratic), House
- Cosponsor: Lisa Kitagawa (Democratic), House
- Cosponsor: Sam Satoru Kong (Democratic), House
- Cosponsor: Matthias Kusch (Democratic), House
- Cosponsor: LA CHICA
- Cosponsor: LAMOSAO
- Cosponsor: Mike Lee (Democratic), House
- Cosponsor: Nicole E. Lowen (Democratic), House
- Cosponsor: M.
- Cosponsor: Lisa Marten (Democratic), House
- Cosponsor: Scot Z. Matayoshi (Democratic), House
- Cosponsor: Tyson K. Miyake (Democratic), House
- Cosponsor: Dee Morikawa (Democratic), House
- Cosponsor: Ikaika Olds (Democratic), House
- Cosponsor: Amy A. Perruso (Democratic), House
- Cosponsor: Mahina Poepoe (Democratic), House
- Cosponsor: Sean Quinlan (Democratic), House
- Cosponsor: Jackson D. Sayama (Democratic), House
- Cosponsor: Gregg Takayama (Democratic), House
- Cosponsor: Jenna Takenouchi (Democratic), House
- Cosponsor: Adrian K. Tam (Democratic), House
- Cosponsor: David A. Tarnas (Democratic), House
- Cosponsor: Shirley Ann Templo (Democratic), House
- Cosponsor: Chris Todd (Democratic), House
- Cosponsor: Justin H. Woodson (Democratic), House
- Cosponsor: Kyle T. Yamashita (Democratic), House

## Actions (39)

- 2025-04-25: Conference committee meeting to reconvene on 04-25-25 3:30 PM; Conference Room 016. (Senate)
- 2025-04-25: Senate Conferees Changed: Senator Aquino added as Co-Chair. Senator Hashimoto discharged as Co-Chair. (Senate)
- 2025-04-25: Conference committee meeting to reconvene on 04-25-25 4:30 PM; Conference Room 225. (Senate)
- 2025-04-25: Received notice of change in Senate conferees (Sen. Com. No. 880). (House)
- 2025-04-24: Conference committee meeting to reconvene on 04-25-25 10:30AM; Conference Room 224. (Senate)
- 2025-04-23: Conference committee meeting to reconvene on 04-24-25 10:30AM; Conference Room 224. (Senate)
- 2025-04-22: Conference committee meeting to reconvene on 04-23-25 10:30AM; Conference Room 224. (Senate)
- 2025-04-21: Conference Committee Meeting will reconvene on Tuesday 04-22-25 10:30AM in conference room 224. (House)
- 2025-04-17: Conference committee meeting scheduled for 04-21-25 10:30AM; Conference Room 224. (Senate)
- 2025-04-16: Senate Conferees Appointed: Chang Chair; Hashimoto Co-Chair; Kanuha, Fevella. (Senate)
- 2025-04-16: Received notice of Senate conferees (Sen. Com. No. 810). (House)
- 2025-04-15: Received notice of appointment of House conferees (Hse. Com. No. 732). (Senate)
- 2025-04-14: House Conferees Appointed: Evslin, Miyake Co-Chairs; Muraoka. (House)
- 2025-04-08: Received notice of disagreement (Hse. Com. No. 559). (Senate)
- 2025-04-04: House disagrees with Senate amendment (s). (House)
- 2025-04-03: Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none). Transmitted to House. (Senate)
- 2025-04-03: Returned from Senate (Sen. Com. No. 543) in amended form (SD 2). (House)
- 2025-04-01: Reported from WAM (Stand. Com. Rep. No. 1481) with recommendation of passage on Third Reading, as amended (SD 2). (Senate)
- 2025-04-01: 48 Hrs. Notice 04-03-25. (Senate)
- 2025-03-28: The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Lee, C., Fevella. (Senate)
- 2025-03-25: The committee(s) on WAM will hold a public decision making on 03-28-25 10:02AM; Conference Room 211 & Videoconference. (Senate)
- 2025-03-20: Reported from HOU (Stand. Com. Rep. No. 1178) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. (Senate)
- 2025-03-20: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (Senate)
- 2025-03-11: The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 3 Aye(s): Senator(s) Chang, Hashimoto, Kanuha; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Aquino, Fevella. (Senate)
- 2025-03-07: The committee(s) on HOU has scheduled a public hearing on 03-11-25 1:10PM; Conference Room 225 & Videoconference. (Senate)
- 2025-03-06: Received from House (Hse. Com. No. 237). (Senate)
- 2025-03-06: Passed First Reading. (Senate)
- 2025-03-06: Referred to HOU, WAM. (Senate)
- 2025-03-04: Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate. (House)
- 2025-02-28: Reported from FIN (Stand. Com. Rep. No. 1119), recommending passage on Third Reading. (House)
- 2025-02-25: The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kitagawa, Ward. (House)
- 2025-02-21: Bill scheduled to be heard by FIN on Tuesday, 02-25-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE. (House)
- 2025-02-12: Reported from HSG (Stand. Com. Rep. No. 490) as amended in HD 1, recommending passage on Second Reading and referral to FIN. (House)
- 2025-02-12: Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Pierick voting no (1) and Representative(s) Cochran, Sayama, Ward excused (3). (House)
- 2025-02-07: The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kitagawa, La Chica, Muraoka; Ayes with reservations: none; 1 Noes: Representative(s) Pierick; and 2 Excused: Representative(s) Cochran, Kila. (House)
- 2025-02-04: Bill scheduled to be heard by HSG on Friday, 02-07-25 9:00AM in House conference room 430 VIA VIDEOCONFERENCE. (House)
- 2025-01-21: Introduced and Pass First Reading. (House)
- 2025-01-21: Referred to HSG, FIN, referral sheet 2 (House)
- 2025-01-17: Pending introduction. (House)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_SD2_.pdf)
- HB432_HD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_HD1_.HTM)
- HB432_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_SD1_.HTM)
- HB432_SD2: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_SD2_.HTM)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_.PDF)

## Related bills

- HB 431: RELATING TO HOUSING. (signed)
- HB 1064: RELATING TO FIRE PROTECTION. (signed)
- SB 1044: RELATING TO THE STABILIZATION OF PROPERTY INSURANCE. (signed)
- SB 1231: RELATING TO PARENTAGE. (signed)
- SB 935: RELATING TO GOVERNMENT. (signed)
- HB 703: RELATING TO KUPUNA HOUSING. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_SD2_.pdf)
- [HB432_HD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_HD1_.HTM)
- [HB432_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_SD1_.HTM)
- [HB432_SD2 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_SD2_.HTM)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB432_.PDF)

## Related
- [HB 431: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-HB431-2025)
- [HB 1064: RELATING TO FIRE PROTECTION.](https://policyrisk.com/state-bill/HI-HB1064-2025)
- [SB 1044: RELATING TO THE STABILIZATION OF PROPERTY INSURANCE.](https://policyrisk.com/state-bill/HI-SB1044-2025)
- [SB 1231: RELATING TO PARENTAGE.](https://policyrisk.com/state-bill/HI-SB1231-2025)
- [SB 935: RELATING TO GOVERNMENT.](https://policyrisk.com/state-bill/HI-SB935-2025)
- [HB 703: RELATING TO KUPUNA HOUSING.](https://policyrisk.com/state-bill/HI-HB703-2025)
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Source: PRIA, https://policyrisk.com/state-bill/HI-HB432-2025 (as of 2026-10-27).